Economic Data
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Series note: This post and the others in this series are the outgrowth of a presentation jointly developed with Dr. Krista M. Perreira and presented by Dr. Perreira to the October meeting of the North Carolina Governor’s Hispanic/Latino Advisory Board. Terminology note: The U.S. Census Bureau introduced the term Hispanic in 1980 and this is a term preferred by some Hispanic/Latino populations. The term Latino became more commonly used in the 1990s and is preferred…
“How can we prepare today to create enough good jobs for tomorrow?” was the question posed by NC State’s Institute for Emerging Issues during their summer FutureWork Prosperity Tour. This tour—and the preceding FutureWork conference—focused on the combined impacts of anticipated technological change and demographic shifts. Today’s post highlights some of the projected impacts of demographic change on the state’s workforce. Projected employment growth will exceed working age population growth. Between 2012 and 2022, North…
Nationally, 22.2% of businesses with paid employees had been operating for no more than three years as of 2014. In North Carolina, this proportion is slightly lower: 20.8% or just over 32,000 of the state’s 154,000 firms were younger businesses, according to recently released data from the U.S. Census Bureau’s first Annual Survey of Entrepreneurs. In contrast, North Carolina had an above average proportion of long-established businesses: 6% of North Carolina businesses with paid employees…
A growing number of North Carolinians are working at home. Since 2012, more than 200,000 North Carolina workers have reported working at home each year, about 4.7% of all state workers according to the American Community Survey data. Are teleworkers similar to individuals who don’t work at home? An examination of the last three years of ACS data—2012 through 2014—suggests they are not. Compared to all North Carolina workers, individuals who report working from home…
February 14th was officially pronounced Valentine’s Day by Pope Gelasius I in AD 496. Nearly 1,350 years later, Esther Howland, a Massachusetts native, is credited with selling the first mass-produced valentine cards in the 1840s. Flowers, Jewelry, and Candy Exchanging presents? If it’s jewelry or flowers, it may be increasingly difficult to find a standalone retailer. Between 2005 and 2013, both the number of florists’ establishments and the number of jewelry stores in North Carolina…
We love playing with data. Turning the raw numbers into meaningful insights is what we do. But the process of getting raw data into a format that is ready for analysis is often time-consuming and occasionally frustrating, even for those of us who regularly work with data. First, you have to identify the source and acquire it. Then you have to make sure you understand the general structure of the file and the variables it…
North Carolina’s agricultural industry contributes $78 billion to the state’s economy according to the Department of Agriculture & Consumer Services. Two of the state’s leading agricultural products—sweet potatoes and turkeys—will likely grace many tables this Thursday as individuals and their families celebrate Thanksgiving. Here are a few fun facts about NC turkeys and sweet potatoes: Turkeys North Carolina is the second largest producer of turkeys, after Minnesota. The state’s turkey production was valued at more…
At Carolina Demography, we don’t just answer questions about basic demographics. We also regularly field questions from individuals and organizations about economic data availability, usage, and interpretation. We discussed demographic data resources in this post; here’s our guide to key data resources for information about the economic well-being of North Carolina residents and labor force details. Small Area Income & Poverty Estimates (SAIPE) SAIPE are produced annually for school districts, counties, and states. The main…
Tourism has significant economic impacts in North Carolina. Domestic (both in-state and out-of-state tourists) and international travelers directly spent $21 billion in the state in 2013 according to estimates from the North Carolina Department of Commerce. These expenditures generated nearly 207,000 jobs and $4.8 billion in payroll income for North Carolina residents and $3.2 billion in tax revenue for federal, state, and local governments. While tourism is vital to the state, its impacts differ by…
For many North Carolina residents and out of state tourists, summer vacation isn’t complete without a trip to one of North Carolina’s beaches. In 2013, there were nearly 38 million overnight person-trips in North Carolina, the sixth highest number of visits among all states; 19% of these visitors went to the beach during their trip. And although North Carolina has many beautiful beaches—from the Brunswick Islands in the South to Emerald Isle and Atlantic Beach…
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